Virgin Atlantic in talks to rescue Flybe

The move comes after cash-strapped Flybe put itself up for sale earlier this month. The Exeter-based regional airline said that Virgin was "one of the parties" it has been in discussions with. Last month, Flybe warned its full-year losses would be £22m, blaming falling consumer demand, a weaker pound and higher fuel costs. Confirming the talks, Flybe added that there was no certainty that an offer would be made by Virgin. In a short statement, Virgin Atlantic said it "has a… (www.bbc.com) Mais...